Jackson Thornton Wealth Management LLC Acquires 2,259 Shares of FedEx Corporation $FDX

Jackson Thornton Wealth Management LLC raised its stake in FedEx Corporation (NYSE:FDX) by 180.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,508 shares of the shipping service provider’s stock after acquiring an additional 2,259 shares during the period. Jackson Thornton Wealth Management LLC’s holdings in FedEx were worth $842,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC lifted its position in FedEx by 12.8% during the 4th quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider’s stock worth $514,000 after buying an additional 207 shares in the last quarter. Empowered Funds LLC raised its position in FedEx by 78.9% in the 1st quarter. Empowered Funds LLC now owns 10,311 shares of the shipping service provider’s stock worth $2,514,000 after purchasing an additional 4,548 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in FedEx during the 2nd quarter worth $586,000. CX Institutional boosted its position in FedEx by 4.7% in the 2nd quarter. CX Institutional now owns 3,689 shares of the shipping service provider’s stock valued at $838,000 after buying an additional 167 shares during the last quarter. Finally, Sowell Financial Services LLC boosted its holdings in FedEx by 1.3% in the second quarter. Sowell Financial Services LLC now owns 7,774 shares of the shipping service provider’s stock valued at $1,767,000 after acquiring an additional 102 shares during the last quarter. Institutional investors and hedge funds own 84.47% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on FDX. Cowen reaffirmed a “buy” rating on shares of FedEx in a research note on Friday, December 19th. BNP Paribas set a $280.00 price target on FedEx and gave the stock a “neutral” rating in a research report on Tuesday, January 13th. Sanford C. Bernstein boosted their price target on shares of FedEx from $250.00 to $306.00 and gave the stock a “market perform” rating in a research report on Friday, January 9th. Morgan Stanley raised their price objective on FedEx from $200.00 to $210.00 and gave the company an “underweight” rating in a report on Friday, December 19th. Finally, Truist Financial increased their price target on FedEx from $285.00 to $330.00 and gave the company a “buy” rating in a research report on Friday, December 19th. Sixteen equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $302.65.

FedEx Trading Down 2.2%

NYSE FDX opened at $306.32 on Tuesday. The company has a market cap of $72.02 billion, a price-to-earnings ratio of 16.80, a price-to-earnings-growth ratio of 1.55 and a beta of 1.35. FedEx Corporation has a twelve month low of $194.29 and a twelve month high of $318.83. The business’s fifty day moving average is $285.63 and its 200 day moving average is $252.64. The company has a quick ratio of 1.23, a current ratio of 1.27 and a debt-to-equity ratio of 0.72.

FedEx (NYSE:FDX) last posted its quarterly earnings results on Thursday, December 18th. The shipping service provider reported $4.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.02 by $0.80. FedEx had a net margin of 4.81% and a return on equity of 16.63%. The business had revenue of $23.47 billion during the quarter, compared to the consensus estimate of $22.79 billion. During the same quarter last year, the firm posted $4.05 EPS. FedEx’s revenue was up 6.8% compared to the same quarter last year. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. As a group, sell-side analysts expect that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 6th. Stockholders of record on Monday, December 15th were paid a $1.45 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $5.80 annualized dividend and a dividend yield of 1.9%. FedEx’s dividend payout ratio is 31.97%.

About FedEx

FedEx Corporation (NYSE: FDX) is a global logistics and courier company headquartered in Memphis, Tennessee. Founded by Frederick W. Smith in 1971 and beginning operations in the early 1970s, the company pioneered overnight express shipping and has since expanded into a diversified portfolio of transportation, e-commerce and supply-chain services. FedEx operates an integrated air-and-ground network that moves parcels, freight and documents for businesses and consumers worldwide.

FedEx’s core operating segments include express parcel delivery via its FedEx Express division, domestic and residential parcel delivery through FedEx Ground, less-than-truckload (LTL) freight services, and logistics and supply-chain management solutions.